Lake Tahoe Real Estate Q1 2014 Market Report

The Lake Tahoe real estate markets are hot in 2014 with average and median home pricing up significantly over Q1 2013.  The first quarter of 2014 has been characterized by significant increases in average and median single family home pricing, high buyer demand, low inventory levels, lower levels of distressed home sales (REO and Short Sales) and an increase in luxury homes sales priced over $1M.  These are all signs of a healthy increasing market and we anticipate a strong summer of sales in the Lake Tahoe real estate markets.

Q1 2014 Lake Tahoe Real Estate Sales vs. Q1 2013 Sales

Q1 2014 Statistics	Q1 2013 Statistics
147 Single Family Home Sales down 27% Average Price: $988K up 32% Median Price: $635K up 27% 22 REO & Short Sales down 54% 2 Sales Below $200K down 71% 33 Sales over $1M up 6% High Sale Price: $14M up 69% Low Sale Price: $76K up 5%	200 Single Family Homes Average Price: $669K Median Price: $466K 48 REO & Short Sales 7 Sales Below $200K 31 Sales over $1M High Sale Price: $4.3M Low Sale Price: $72K

*Single Family Homes Including Lakefronts

 

Q1 2014 Lake Tahoe Real Estate Sales Chart

 

In the first quarter of 2014 Oliver Luxury Real Estate has sold over $48M in Tahoe/Truckee real estate and we are the #1 Brokerage in the Tahoe Sierra Board of Realtors!

It would be my pleasure to talk with you and discuss the Lake Tahoe real estate markets or your real estate goals, so please feel free to call or email me anytime.

 

Want to know what your Lake Tahoe home is worth?

 

David Westall, Realtor
OLIVER LUXURY REAL ESTATE
P: 530-448-9882
David@WestallRealEstate.com
www.WestallRealEstate.com
CA DRE# 01796995